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  1. MananNarainSharma

    Basic economy questions

    :biggrin2: Ofcourse. I am sure you know my come back to that as well. As I said agree to disagree.
  2. MananNarainSharma

    Basic economy questions

    :biggrin2: Cheers. There should be an ignore button on this forum. Save us all some grief.
  3. MananNarainSharma

    Basic economy questions

    As I said before the level of min wage needs to be determined carefully, I don't advocate making it artificially too high, plus there are other labour laws that make France uncompetitive.
  4. MananNarainSharma

    Basic economy questions

    Agree to disagree. Jobs going to china are not the min wage jobs those are 40k to 50k per annum which chinese are happy to accept 15-20k US. That is part of open markets with free flow of good and services, you can't have it both ways. U.S. Has long benefited from this order and continues to...
  5. MananNarainSharma

    Basic economy questions

    Used in conjunction with fiscal policy. Is that better, yea technically you are right it's not a fiscal policy tool but it is used as part of overall policy to influence demand. People who argue that min wage is deterrence to employment have one problem, the facts are not in their side of the...
  6. MananNarainSharma

    Basic economy questions

    Why do you have the habit of selective blindness. You ignore half of the very post you quote where I say min wage can be used in some cases, but you need to be careful when determining its level. If creating wealth was as easy as raising wages then every idiot will be an economist, but where did...
  7. MananNarainSharma

    Basic economy questions

    Fair enough, but your basic conslusion is that min wage is irrelevant and any increase only leads to inflation and reduction in employment, well that is simply true. Min wage increase ignoring the social arguments about dignity of labour, can be and is used by govt as an effective fiscal policy...
  8. MananNarainSharma

    Basic economy questions

    But we are not talking about increasing everyone wage, we are only talking about min wage which effects only a portion of the people.
  9. MananNarainSharma

    Basic economy questions

    And your assumption is supply is inelastic and that it will stay the same irrespective of demand which is simply not the case. Min wage increase can be used as a fiscal tool to increase consumption demand which leads to increase In supply and hence economic activity. You assume that supply won't...
  10. MananNarainSharma

    Basic economy questions

    Sorry can't make head or tale of what you have written. Please re read your posts before posting and use some grammar to make it easy for others to understand
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